Close X
Thursday, November 7, 2024
ADVT 
India

Punjab CM seeks incentives for industry on par with hill states

Darpan News Desk IANS, 23 Oct, 2024 01:31 PM
  • Punjab CM seeks incentives for industry on par with hill states

Chandigarh, Oct 23 (IANS) Presenting Punjab's industrial growth before a team of NITI Aayog, Chief Minister Bhagwant Mann on Wednesday sought incentives for industry of the state on a par with neighbouring hill states.

Addressing the gathering during the inaugural session of a workshop on MSME exports as drivers of growth for Punjab, the Chief Minister said that "it is the need of the hour to give subsidies and incentives to the industrialists of Punjab on a par with the hill states".

He said Punjab being a border state should be given the status of ease of business on lines of hilly states.

"This will help ensure comprehensive industrial development as the state has lagged in industrial growth due to incentives to hill areas," he said.

Describing MSMEs as the backbone of the state’s economy, the Chief Minister said the government and MSMEs would have to come together and work as a team for the exponential growth of the state. He invited the captains of industry to take advantage of the initiatives of the government of Punjab to become globally competitive and shine on the world's centre stage.

Mann said that Micro, Small and Medium Enterprises (MSMEs) play a crucial role in the growth of the economy contributing significantly to Gross Domestic Product (GDP), Gross Value Added (GVA), employment generation, and exports.

In his address, NITI Aayog Vice-Chairman, Suman Berry, said the state has a huge opportunity to excel in the MSME sector. He said the time has come when the relationship between the agrarian and industrial sectors is made productive in the state. He batted for an integrated strategy for these sectors for the holistic development of the state’s economy. He said Punjab is rapidly growing in the industrial sector but more can be done in this regard. He said faster, better and cleaner should be the three characteristics of development in the state during the coming times.

Mohali is a perfectly feasible location for the IT sector and professionals, he said, adding that he hoped that deliberations would be a huge success for the state.

MORE India ARTICLES

Centennial commemoration: Akali Dal promises Rs 50K per acre crop insurance

Centennial commemoration: Akali Dal promises Rs 50K per acre crop insurance
The Shiromani Akali Dal (SAD) on Tuesday gave a clarion call for the establishment of a truly federal structure in the country, with genuine cultural, political and economic autonomy to states. It also announced to implement a Rs 50,000 per acre crop insurance scheme, besides commitment to revive the pre-2004 pension scheme for government employees.

Centennial commemoration: Akali Dal promises Rs 50K per acre crop insurance

Punjab invites applications for allotment of 25,000 EWS houses

Punjab invites applications for allotment of 25,000 EWS houses
In order to provide constructed houses to the economically weaker section (EWS) across the state, the Punjab Cabinet on Tuesday approved invitation of applications for allotment of 25,000 houses to be constructed by urban development authorities. The decision was taken during a Cabinet meeting chaired by Chief Minister Charanjit Channi here.

Punjab invites applications for allotment of 25,000 EWS houses

Lakhimpur Kheri SIT investigation vindicates our stand: SKM

Lakhimpur Kheri SIT investigation vindicates our stand: SKM
On October 3, eight people, including four protesting farmers, had died when a SUV belonging to Ashish Mishra had mowed them down on the outskirts of Lakhimpur Kheri in Uttar Pradesh. One local journalist had died in the ensuing violence.

Lakhimpur Kheri SIT investigation vindicates our stand: SKM

Amarinder warns police against intimidating party workers

Amarinder warns police against intimidating party workers
Punjab Lok Congress (PLC) chief Amarinder Singh on Tuesday warned Punjab Police officials against intimidating his party workers at the behest of some local Congress leaders. The former Chief Minister was reacting to reports of Punjab cops stopping PLC workers, who were putting up posters in the Malwa region.

Amarinder warns police against intimidating party workers

Modi's Twitter account hacked with Bitcoin post, restored

Modi's Twitter account hacked with Bitcoin post, restored
Before the account was restored, a tweet was shared with a URL on PM Modi's timeline which read, "India has officially adopted bitcoin as legal tender. The government has officially bought 500 BTC and is distributing them to all residents of the country."

Modi's Twitter account hacked with Bitcoin post, restored

BJP still cautious over farm issues amid opposition attack

BJP still cautious over farm issues amid opposition attack
Though farmers have suspended their agitation and have returned home, the BJP is still treading cautiously and opposition is leaving no chance to attack it on the issue. The farmers have returned to their homes after suspending the 15-month-long agitation, post the government repealing the three farm laws and agreeing to certain demands.

BJP still cautious over farm issues amid opposition attack